Economic Concepts Exam Review
Quiz
•
History
•
6th Grade
•
Practice Problem
•
Medium
Marysol Alatorre
Used 23+ times
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22 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do mixed economies and free enterprise decide what to produce?
They look in their fridge
supply and demand
They get told what to produce by mom
Labor
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Profit Motive drives a ___________ system
traditional
communist
free enterprise
stinson
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Based on the chart who has a lower quality of life that country B?
A
C
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Name the system that fits the following description BEST:
A system of shared ownership of resources which provide a more equal distribution of goods and services.
Traditional Economy
Socialist
Communist
Free Enterprise
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Name the system that fits the following description BEST:
A system based on the culture and traditions of the past.
Traditional Economy
Socialist
Communist
Free Enterprise
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Name the system that fits the following description BEST:
A system characterized by private (citizen) ownership of businesses and property (also referred to as capitalism)
Traditional Economy
Socialist
Communist
Free Enterprise
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Name the system that fits the following description BEST:
A system in which the government is in complete control of the economy.
Traditional Economy
Socialist
Communist
Free Enterprise
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